"I am thrilled to announce that just four years after delivering our first $1 billion year, we expect to breakthrough our first ever $1 billion quarter in the third quarter of fiscal 2014, our next quarter, an amazing milestone for Salesforce.com and for the entire cloud computing industry," he told analysts at the company's quarterly conference call last week.

The jump in revenue will come in large part from the purchase of ExactTarget. ExactTarget is expected to contribute $140 million to $145 million revenue to the full year results.